The Cash Flow Index Debt Payoff Strategy Explained

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The Cash Flow Index Debt Payoff Strategy Explained:
Debt is one of the most polarizing subjects in the realm of personal finance. Perhaps because people have achieved financial success with such wildly differing debt situations. There is no denying that the financial ceiling is higher for those who utilize a ton of leverage, but the reliability of a highly-leveraged approach is lower due to the risks involved with having a larger cash outflow every month. As a result, many strategies over the years dedicated to paying off one's loans have been created. Today we're going to be talking about one of them known as the cash flow index strategy and comparing it to the other strategies such as the debt snowball and debt avalanche in a variety of financial situations.

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[tzlj]

My initial thoughts are that if the calculations for your own personal scenario can be made, find the best approach. If complexity creates paralysis by analysis for you, find the simplest approach for you and be diligent in discipline to pay off debt - whichever way works for you.

[moirai]

Informative as always. I've never heard of this method and still struggling to figure out what cases this strategy might be better overall over then snowball/avalanche. I need to see more examples where CFI shines.

[hopefullyhigh]

My system; avoid it as much as possible, pay it off as soon as you can.

[michaelswami]

Good to hear from you. You’re one of my long time follows.

[crharvin]

Such great information! You've done a PHENOMENAL job illustrating these. I just stumbled across your Debt Snowball vs Debt Avalanche video then this one. Well done!